Probably not a bad idea. The Q is coming and there will probably not be a positive reaction to the results. Think I'll wait to buy until NAV settles in and does't lose a dollar to dollar and a half a quarter. Also it would be nice to see the dividend stabilize. Management has been doing a very effective of reducing NAV and dividends over the last few years. I have some preferred, but I'll let them go when the NAV gets down to 10 or so.
Simple falling NAV and falling dividend, not a good scenario. Buying back shares and buying one of management's other REITs has only reduced the bleeding. Don't believe the simpleton Jake who doesn't seem to understand that the dividend pay date has nothing to do with selling near xdiv and buying back after xdiv. Pay date is irrelevant to who owns the stock at the time it is paid.
where'd you get the $30 bv from?? They haven't reported since Jan on what book was and it was going down not up. Last article from someone who read the Q in seeking alpha projected 24 to 26 which is probably more accurate since they are reticent to do a monthly report.